Citigroup Thinks Allstate’s Stock is Going to Recover


Citigroup analyst James Naklicki maintained a Buy rating on Allstate (NYSE: ALL) today and set a price target of $105. The company’s shares opened today at $90.37, close to its 52-week low of $88.29.

According to TipRanks.com, Naklicki is a 3-star analyst with an average return of 6.3% and a 60.7% success rate. Naklicki covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Renaissancere Holdings Ltd, and Arthur J Gallagher & Co.

Currently, the analyst consensus on Allstate is a Moderate Buy with an average price target of $105.83, which is a 17.1% upside from current levels. In a report issued on October 31, Credit Suisse also maintained a Buy rating on the stock with a $112 price target.

.

See today’s analyst top recommended stocks >>

Allstate’s market cap is currently $31.22B and has a P/E ratio of 9.45. The company has a Price to Book ratio of 1.50.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2018, Harriet Harty, an Insider at ALL sold 10,515 shares for a total of $1,039,618.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Allstate Corp. is a holding company, which engages in the property and casualty insurance business and the sale of life and accident and health insurance products through its subsidiaries. It operates through following segments: Allstate Protection, Service Businesses, Allstate Life, Allstate Benefits, Allstate Annuities, Discontinued Lines and Coverages, and Corporate and Other. The Allstate Protection segment sells private passenger auto and homeowners insurance through agencies and directly through call centers and the internet. These products are marketed under the Allstate, Encompass, and Esurance brand names. The Service Businesses segment offers a range of products and services that expand and enhance customer value propositions including SquareTrade, Arity, Allstate Roadside, and Allstate Dealer Services. The Allstate Life segment provides traditional, interest-sensitive, and variable life insurance products through Allstate exclusive agencies and exclusive financial specialists. The Allstate Benefits segment offers voluntary benefits products, including life, accident, critical illness, short-term disability and other health products sold through workplace enrolling independent agents and Allstate exclusive agencies. The Allstate Annuities segment consists of deferred fixed annuities and immediate fixed annuities. The Discontinued Lines and Coverages segment includes results from property and casualty insurance coverage that primarily relates to policies written during the 1960s through the mid-1980s. The Corporate and Other segment comprises of the company’s activities and certain non-insurance operations. The company was founded on April 17, 1931 and is headquartered in Northbrook, IL.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts